Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

A new partner is admitted to a firm for a 1/5 share. The firm’s total goodwill is ₹1,00,000. If the new partner brings only ₹12,000 in cash as the premium for goodwill, what amount of the premium remains to be adjusted?

Answer and explanation

Correct answer: ₹8,000

The premium for the new partner’s 1/5 share is ₹1,00,000 × 1/5 = ₹20,000. After deducting the ₹12,000 paid in cash, ₹20,000 − ₹12,000 = ₹8,000 remains to be adjusted, generally through the new partner’s Capital Account or as agreed by the partners.

Related tags

Goodwill AccountingAdmission Of PartnerReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.